Forest Hills Real Estate: Finding a Bargain Is Possible

Forest Hills Real Estate: Finding a Bargain Is Possible

People are migrating from Manhattan to Forest Hills to reap the financial rewards of cheaper housing. Are Forest Hills real estate prices staying low despite the demand? Let’s find out if there are still deals to be found in Forest Hills!

The High and Low of It

According to a recent survey conducted by Markethink, a real estate marketing firm, Forest Hills currently ranks as the 41st most expensive zip code in New York City. The survey, mentioned in the Queens Chronicle, also lists Forest Hills as the 3rd priciest zip code in Queens.

Does this sound less-than-encouraging to you? Don’t despair! Forest Hills real estate is still filled with housing bargains. A savvy real estate agent from Forest Hills Realty knows just where to look.

Tips To Find a Great Deal in Forest Hills

Forest Hills real estate still comes in at a lower price than several Manhattan neighborhoods. If you are used to Manhattan’s sticker shock, Forest Hills’ housing prices might be refreshingly lower. Here are a few things to consider when you are trying to score a deal in Forest Hills:

Stay away from single-family homes.
If you are scouring Forest Hills real estate listings for budget-friendly housing, you probably won’t see many single-family homes. You’ll fare better financially if you are open to co-op or multi-family arrangements.

Prices trend higher in Forest Hills Gardens.
Forest Hills Gardens is a sanctuary in the city, but your bank account might think otherwise. Don’t cross this charming neighborhood completely off of your list, but understand that you might see fewer options in your price range.

People are reluctant to sell their Forest Hills real estate.
Many Forest Hills residents have mixed feelings about selling. Make a reasonable offer for their home to increase their chances of accepting quickly. If your offer is too low, you run the risk of getting into a bidding war, driving the price over your budget.

Is Forest Hills Your Next Home?

At Forest Hills Realty, our experienced agents will help you find the best deals in Forest Hills real estate.

Contact us today at (718) 997-6000 or email us here.

Forest Hills Condos vs. Apartments: Choosing the Best Option

The New York City skyline is outlined with residential buildings that have similar silhouettes. Real estate newbies might even refer to all of these living arrangements as apartments. Don’t make that mistake! Today we are going to tackle the differences between Forest Hills condos and apartments.

Financially Friendly or a Budget Buster?

Let’s begin by addressing the topic on everyone’s mind: cost. Is it cheaper to buy Forest Hills condos or rent apartments in this coveted community? In the short term, there might not be much difference. You’ll either pay a mortgage payment for a condo or a monthly rent payment for an apartment, and those payments are probably pretty comparable.

Buying a condo is similar to buying a house. You might need more up-front funds for a down payment and real estate fees. If you don’t have this available, renting might be the way to go until you can get some cash under your belt.

Monthly HOA fees are another consideration when exploring Forest Hills condos. You’ll probably pay a fee for maintenance, upkeep and amenities in addition to your monthly mortgage.

A Place of Your Own

Forest Hills condos allow you to own your own piece of New York City real estate. When you own a condo, you generally have the freedom to put your personal touch on your space and enjoy amenities that you might not have in an apartment or single-family home. Who doesn’t want that?

Some people have good reasons for shying away from condo ownership. If you don’t plan to be a permanent Forest Hills resident, don’t have enough money for a down payment or are simply testing out the community to see if it is a good fit, Forest Hills apartment rentals might be your answer.

Learn More About Forest Hills Condos

Now you know that those buildings that you see lining the streets of Forest Hills might not be what they seem. If you are deciding if you should take the ownership plunge into the pool of Forest Hills condos, contact Forest Hills Realty to discuss your options!

Contact us today at (718) 997-6000 or email us here.

Forest Hills Co-ops Dazzle Buyers

Forest Hills co-ops are on a mission to be a major player in the Queens real estate market. Their affordable prices and five-star amenities make these urban properties worth a second look.

For those of you who are new to the co-op craze, we thought some examples would help. This list is only a sample of co-op communities located in Forest Hills. If a food reference helps, think of this list as a small slice of a giant pie. Plenty more co-ops exist, but here are a random four:

Fairview
As a master-planned cooperative community, Fairview has it all when it comes to amenities. A sparkling pool, 24-hour doorman, 24-hour roaming guard, an on-site restaurant and more are nestled in a park-like setting. Studio, one-, two- and three-bedroom apartments are available.

Forest Hills South
If plenty of green space is on your wish list, Forest Hills South will deliver. In this community, seven pre-war buildings are situated on seven acres of tranquil parkland. Take a break from urban life and watch the seasons change from your window!

Gerard Towers
This is a luxury building with a prime location. A quick walk will take you to the subway, the LIRR or the express bus stop on Yellowstone Blvd. As a bonus, the year-round farmers’ market is just two blocks away.

Park Lane North
You’ll feel like royalty when you enter this building. With a list of amenities that rival other luxury Forest Hills co-ops, you’ll be treated like royalty also. They even offer bicycle storage and unit lockers for your convenience.

To be clear, we have no personal or professional connection to the Forest Hills co-ops featured on this list. If you are looking for a co-op to call home, the agents at Forest Hills Realty can help you explore ALL of your options, including (but not limited to) these!

Are you still on the fence about Forest Hills co-ops? Before you rule them out, talk to the agents at Forest Hills Realty to see what’s on the market today!

Contact us today at (718) 997-6000 or email us here.

Forest Hills Homes for Sale: A Must-See for Families on the Move

Your family is growing, and you want to put down roots in New York City. Which neighborhood is best? Many New York City neighborhoods offer a family-friendly vibe. Today we are going to shine the spotlight on one of our favorites: Forest Hills, Queens.

If your family is checking out Forest Hills homes for sale, you will quickly realize that you are not alone. Forest Hills is primarily residential and quiet (for an urban neighborhood). You’ll see plenty of families walking in and out of the stores along Austin Street, grabbing a bite to eat or simply strolling the tree-lined streets in the community.

What else does Forest Hills have to offer? Here are a few favorite features:

Housing Variety

Every family has different needs, and Forest Hills has a home that will match yours. The listings for Forest Hills homes for sale include units in high-rise buildings, traditional pre- and post-war units, townhouses, duplexes and single-family homes.

Green Space

Small yard? No problem! You’ll find plenty of neighborhood parks placed throughout Forest Hills. Forest Park is the 10th largest park in New York City! How’s that for outdoor family fun?

More Bang for Your Budget

Forest Hills homes for sale tend to come with a smaller price tag compared to Manhattan. You’ll have a chance at scoring more space and amenities for your growing family!

Smooth-As-Can-Be Commutes

The last thing you want to do is spend your early mornings and late evenings in the middle of a dreadful commute. Forest Hills offers easy access to public transportation. Many homes feature space to keep a car, which is a rarity in New York City!

Convenient Shopping

Forest Hills is a pretty self-sufficient community. You won’t need to travel far to find grocery stores, clothing outlets and other family necessities.

A Year-Round Farmers’ Market

Who doesn’t love a farmers’ market? The Forest Hills Greenmarket features fresh produce, meats, cheeses and artisan works throughout the year!

At Forest Hills Realty, we can’t wait to help your family explore our great neighborhood. Contact us today to learn more about Forest Hills homes for sale!

Call us today at (718) 997-6000 or email us here.

Forest Hills Apartment Rentals

Are you planning to snag an apartment in Forest Hills this fall? Keep your eyes open, because Forest Hills apartment rentals are dropping in price post-COVID.

According to QNS.com, the average monthly rent in Queens has decreased by more than 4% since September 2019. It appears that small families will benefit most from this change with two-bedroom apartments seeing the largest price difference.

Forest Hills Apartment Rentals for Everyone

Are you looking for a certain type of apartment? You’re in luck, because Forest Hills apartment rentals are found in all styles. As you search for an apartment to call home, you’ll see:

  • Studio apartments.
  • One, two and three-bedroom units.
  • Newly-constructed buildings.
  • Iconic brick, pre-war buildings.
  • Luxury developments with prime amenities.

Forest Hills Rental Prices

How deep will you need to dig into your wallet to score an apartment in Forest Hills? Forest Hills apartment rentals are generally cheaper than Manhattan. In fact, urban dwellers say that affordability is one of the best characteristics of this coveted neighborhood. Here is a quick rundown of what you can expect to pay for an apartment in Forest Hills as listed by ApartmentFinder™:

  • Studio apartments: approximately $1,712 per month.
  • One-bedroom apartments: approximately $2,140 per month.
  • Two-bedroom apartments: approximately $2,507 per month.
  • Three-bedroom apartments: approximately $3,233 per month.

An Apartment With Amenities? Yes, Please!

In Forest Hills, renting an apartment doesn’t necessarily mean bare-bones living. Many Forest Hills apartment rentals are complete with deluxe community amenities that most people associate with property ownership. Your new apartment might include:

  • Doorman service.
  • Concierge service.
  • A fitness facility.
  • Private green spaces and playgrounds.
  • Resident events.
  • Pet-friendly units and a dog run.
  • Laundry facilities.
  • Attended parking.

Rentals are Real Estate!

If you want to rent an apartment in Forest Hills, you won’t be left to fend for yourself. Forest Hills Realty isn’t just for buyers and sellers. We are for renters, too! Connect with us today to explore rental options in Forest Hills.

Contact us today at (718) 997-6000 or email us here.

Looking To Sell in Forest Hills: A Quick Guide

The real estate market in Forest Hills, Queens has weathered some unprecedented times recently. The good news is that buyers are ready to act before the winter season hits. If you are looking to sell in Forest Hills, there are a few things you need to know as you prepare to enter the real estate market.

The Pricing Predicament

If you are looking to sell in Forest Hills this fall, pricing your home appropriately is a key ingredient to a successful sale. Experts indicate that it is currently a “buyer’s market” in Forest Hills, meaning that there are more homes for sale compared to serious buyers.

How can you successfully navigate a buyer’s market while still receiving top dollar for your home? We recommend these two steps:

  • Get a comparative market analysis. This process compares your home to recent sales in your area and uses this information to estimate a listing price.
  • Get a property appraisal. This critical evaluation determines how much money a financial institution might be willing to lend to a buyer to purchase your home.

Don’t be surprised if the results of these evaluations are different! Your real estate agent will still be able to use this information to price your home fairly to all parties.

Making Your Home Shine

A five-star marketing strategy sends interested buyers in your direction. Your real estate agent should avoid a cookie-cutter approach to advertising your property. Your marketing plan should be as individual as the home that you are trying to sell, and your agent must be willing to change it up if you are seeing a lack of interest.

As New York City rebounds from COVID-19, digital marketing in real estate is more important than ever before. Here are a few of the tools that your agent might use to showcase your property:

  • Professional photography.
  • Videography.
  • Virtual showings.
  • Social media listing.

What Are You Waiting For?

Don’t be discouraged by a buyer’s market. If you are looking to sell in Forest Hills, Forest Hills Realty has the tools you need to be successful in any real estate climate!

Contact us today at (718) 997-6000 or email us here.

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